Fox Factory Hldg Corp Stock Price, News & Analysis

Fox Factory Holding Corp. (Nasdaq: FOXF) will report its first-quarter results on May 6, 2021, after market close. A conference call with the management team is scheduled for the same day at 4:30 p.m. ET to discuss the results. The call will be accessible via the Company’s website and by phone. Fox Factory specializes in designing and manufacturing performance-enhancing ride dynamics products for various vehicles, including bicycles, trucks, and motorcycles, and serves leading OEMs in the powered vehicle sector.

Fox Factory Holding Corp. (NASDAQ: FOXF) reported record fourth quarter sales of $262.4 million, a 41.2% increase compared to the previous year. Earnings per diluted share rose to $0.75, up from $0.58. Adjusted EBITDA was $51.2 million with a margin of 19.5%. For fiscal year 2020, total sales reached $890.6 million, an 18.6% increase year-over-year. The company expects first quarter 2021 sales of $255.0 million to $275.0 million and annual sales of $1,035 million to $1,085 million in fiscal 2021.

Fox Factory Holding Corp. (NASDAQ: FOXF) announced the retirement of Larry L. Enterline as Executive Chair of the Board, effective April 2, 2021. Enterline, a key figure for nearly a decade, was succeeded by Dudley Mendenhall, the current Lead Independent Director. Under Enterline's leadership, FOX's revenue soared from $272.7 million in 2013 to $619.2 million in 2018. CEO Mike Dennison expressed gratitude for Enterline’s mentorship and highlighted the company’s goal of surpassing $1 billion in revenue. The changes aim to strengthen leadership while pursuing strategic growth.

Fox Factory Holding Corp. (Nasdaq: FOXF) will present at the BofA Consumer and Retail Technology Conference 2021 on March 9, 2021. The company specializes in designing and manufacturing ride dynamics products for various vehicles, including bicycles, trucks, and all-terrain vehicles. As a direct supplier to leading OEMs, FOXF plays a crucial role in the performance of powered vehicles and offers aftermarket products to retailers and distributors.

Fox Factory Holding Corp. (Nasdaq: FOXF) will announce its fourth quarter and fiscal year results for 2020 on February 25, 2021, post-market close. A conference call will be held at 4:30 p.m. ET the same day for management to discuss the results in detail. The call will be accessible online and archived for one year. Fox Factory designs and manufactures ride dynamics products for various vehicles and supplies both OEMs and the aftermarket, showcasing its position in the performance products industry.

Fox Factory Holding Corp. (NASDAQ: FOXF) announced the appointment of Sidney Johnson to its Board of Directors, effective January 2, 2021. Johnson brings over 25 years of experience in operational excellence and global supply chain management, previously serving at Harman International and Delphi. CEO Mike Dennison expressed confidence in Johnson’s ability to provide strategic guidance as the company aims to exceed $1 billion in revenue in 2021. Johnson's expertise is expected to enhance FOX's manufacturing and procurement processes.

Fox Factory Holding Corp. (NASDAQ: FOXF) reported record third quarter sales of $260.7 million, a 23.4% increase year-over-year. Gross margin rose 130 basis points to 34.3%, with net income of $38 million, or $0.90 per diluted share. Adjusted earnings per diluted share reached $1.07. The company reinitiated fiscal 2020 guidance, expecting sales between $868.2 million to $878.2 million and adjusted earnings per share between $2.84 and $2.92. This performance reflects strong demand, particularly in the Specialty Sports Group, which saw 32% revenue growth.

Fox Factory Holding Corp. (Nasdaq: FOXF) is set to announce its third-quarter earnings results for the period ending on October 2, 2020, on November 10, 2020, after market close. The company will host a conference call at 4:30 p.m. ET on the same day to discuss these results. Interested parties can access the call live via the Investor Relations section of the company's website. Fox Factory specializes in designing and manufacturing ride dynamics products for various vehicles, including bicycles and trucks, and serves leading OEMs in the powered vehicle sector.

Fox Factory Holding Corp. (Nasdaq: FOXF) appointed Scott Humphrey as Chief Financial Officer (CFO) effective August 4, 2020, succeeding interim CFO John Blocher who returns to Senior Vice-President of Finance. CEO Mike Dennison praised Humphrey for his strategic skills, essential for the company’s growth. With over 20 years of experience, including CFO roles at Hibbett Sports and Ciner Resources, Humphrey brings expertise in finance, operations management, and mergers. Fox Factory specializes in ride dynamics products for various vehicles, serving OEMs and aftermarket retailers.